The History of Cummings Properties

More than 40 years commercial real estate experience

Since its inception in 1970, Cummings Properties has striven to offer Greater Boston businesses quality commercial space at reasonable rates. The firm has strategically grown its portfolio over the years to offer high value and high visibility at the crossroads of New England where I-95 (Route 128) and I-93 meet.

The large majority of Cummings Properties' mortgage-free buildings were donated many years ago to Cummings Foundation Inc. by the firm's founders, Bill and Joyce Cummings. These buildings are operated by staff employed by Cummings Realty Inc., which is also a Foundation-owned entity.

500 west cummings park

Company Timeline

1970 - Cummings Properties is founded by Bill Cummings and headquartered in Woburn, MA. At the time, it was known as Cummings Industrial Centers, Inc.

1971 - Cummings Properties develops Cummings Park on Washington Street in Woburn, making it the first major commercial real estate development at the junction of Route 128 (I-95) and I-93.

1979 - Tower Office Park, located overlooking the intersection of Route 128(I-95) and I-93 opens as the firm's first mid-rise office building.

1986 - Bill and Joyce Cummings establish Cummings Foundation, Inc. Cummings Properties builds the 150-unit Place Lane Condominium in Woburn.

1989 - Cummings Properties begins acquiring properties in other communities, including Burlington, Marlborough, Medford, Somerville, Stoneham, Sudbury, Wakefield, and Wilmington.

1990 - New Horizons at Choate assisted living community at the newly renovated Choate Hospital is established by Cummings Foundation and welcomes its first residents.

1991 - Community Newspapers, Inc. is founded by Bill Cummings and publishes the first edition of the Woburn Advocate, followed shortly by the Winchester Town Crier and the Stoneham Sun. Dennis Clarke emerges as general manager of Community Newspapers.

1994 - Bill and Joyce Cummings establish New Horizons at Marlborough retirement community at the former Madonna Hall School for Girls.

1996 - Cummings Properties purchases the 2 million-square-foot former headquarters of United Shoe Machinery Corporation in Beverly, MA. The firm begins a top-to-bottom restoration of the 1903-era North Shore landmark, and transforms the dilapidated "Shoe" into the award-winning Cummings Center.

1997 - Cummings Center is the subject of an October 2, 1997 Wall Street Journal feature story by architecture critic Ada Louise Huxtable, and is hailed as "the single most important concrete landmark in this country."

1998 - Bill Cummings is named Real Estate Entrepreneur of the Year for New England by Ernst & Young. On September 13, the City of Beverly dedicates the James L. McKeown Elementary School in memory of Cummings Properties' late president, Jamie McKeown.

1999 - In September, Dennis Clarke and Michael Pascavage assume the co-presidency of Cummings Properties, succeeding the late James McKeown. In October the Commonwealth of Massachusetts approves the naming of the new Interstate 93 North Woburn interchange in McKeown's memory.

2006 - Bill Cummings is awarded an honorary Doctor of Public Service degree by Tufts University.

2007 - Cummings Properties is included in Buildings Magazine's Top 25 Commercial Real Estate Organizations to Watch in the United States.

2008 - Cummings Properties opens the newly constructed TradeCenter 128 on the site of the original Northeast Trade Center in Woburn, MA. The highly visible campus, which includes a 550,000-square-foot first-class office building and Middlesex County Superior Court, directly fronts Route 128/Interstate 95, also known as America's Technology Highway.

2009 - TradeCenter Executive Suites opens, offering ready-to-use office and conference space available by the day, week, or month. Starting with 12 offices, it expanded by 2012 to a total of more than 240 offices across three Cummings locations.

2010 - TradeCenter 128 is named Real Estate Project of the Year by Boston/SF News. The Cummings organization opens Beacon Grille as an on-site amenity for TradeCenter 128 client firms and dedicates 100 percent of the upscale restaurant's profits to charitable causes.

2011 - Cummings Properties receives its first Energy Star awards for 18 Commerce Way in Woburn and 500 Cummings Center in Beverly. A total of 10 Cummings buildings have earned the Energy Star distinction by meeting or exceeding the EPA's rigorous standards. Also in 2011, Bill and Joyce join The Giving Pledge, founded by Warren Buffett and Bill and Melinda Gates to encourage philanthropy among the world's wealthiest individuals. Later that year, the Cummings, together, were runners-up for the Boston Globe's "Bostonian of the Year" award.

2012 - Cummings Properties acquires 50 Dunham Road in Beverly, one of the few remaining large, highly visible sites directly fronting Route 128. The building there was the world headquarters of Parker Brothers, maker of Monopoly.

2013 - The Varano Group purchases Beacon Grille and turns it into one of its popular Strega restaurants. Cummings Properties launches its annual Employee Directed Giving program, inviting staff members to select local charities to receive $1,000 each from the Company. Bill Cummings is awarded the Edward H. Linde Public Service Award by the National Association of Industrial and Office Properties (NAIOP).

2014 - Cummings Foundation introduces a new invitation-only Major Grants program and awards a total of $10 million to eight local nonprofits. Bill Cummings receives the Visionary Award from Boston Business Journal.

2015 - The United States Department of Defense recognizes Cummings Properties for being a Patriotic Employer, supporting its staff members who serve in the armed forces.

2016 - Cummings Center becomes a true "live-work-play" community with the opening of Elliott Landing, a 73-home luxury condominium. Boston Business Journal names the Cummings organization the Top Corporate Contributor in Massachusetts.

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                 Cummings Properties, LLC, 200 West Cummings Park, Woburn MA., 781-935-8000